What is the current ratio for this corporation? Round your answer to two decimal places

What is the return on assets for this corporation? Round your answer to one decimal place

What is the return on equity for this corporation? Round your answer to 1 decimal place

Answer these questions

Use the following financial statements for East Corona Corporation for the year ended December 31, 2019, to answer the following questions. Assume that all balance sheet amounts represent both average and ending figures. East Corona Corporation Balance Sheet December 31, 2019 Assets Cash Marketable securities Accounts receivable Inventor Long-term receivables Property, plant, and equipment Total assets $ 20,000 30,000 50,000 100,000 35,000 65,000 $300,000 Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity $100,000 60,000 140,000 $300,000 East Corona Corporation Income Statement For the Year Ended December 31, 2019 Net sales Cost of goods sold Gross margin Operating expenses Income before income taxes Income taxes expense Net income $400,000 240,000 $160,000 40,000 $120,000 30,000 $ 90,000